Microlise Group (LON:SAAS) Sets New 52-Week Low – What’s Next?

Microlise Group plc (LON:SAAS)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 39.21 and last traded at GBX 41, with a volume of 75174 shares. The stock had previously closed at GBX 41.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut shares of Microlise Group to a “buy” rating and decreased their target price for the stock from GBX 191 to GBX 166 in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Microlise Group presently has a consensus rating of “Buy” and an average target price of GBX 155.50.

Microlise Group Price Performance

The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.08 and a current ratio of 1.01. The company has a market cap of £47.54 million, a P/E ratio of -21.93 and a beta of 0.38. The firm’s fifty day moving average is GBX 48.81 and its two-hundred day moving average is GBX 68.88.

Microlise Group (LON:SAAS) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 1.72 EPS for the quarter. Microlise Group had a negative return on equity of 3.09% and a negative net margin of 2.58%.The business had revenue of GBX 8,403 million for the quarter. As a group, analysts anticipate that Microlise Group plc will post 5.5260831 earnings per share for the current fiscal year.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia